New York State Common Retirement Fund Buys 94,252 Shares of Genworth Financial, Inc. (NYSE:GNW)

New York State Common Retirement Fund boosted its stake in shares of Genworth Financial, Inc. (NYSE:GNW) by 32.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 382,208 shares of the financial services provider’s stock after purchasing an additional 94,252 shares during the period. New York State Common Retirement Fund’s holdings in Genworth Financial were worth $2,553,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GNW. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Genworth Financial by 12.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,265 shares of the financial services provider’s stock valued at $599,000 after buying an additional 11,167 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Genworth Financial by 31.4% during the third quarter. Mackenzie Financial Corp now owns 99,924 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 23,851 shares in the last quarter. Strs Ohio boosted its position in shares of Genworth Financial by 259.5% in the third quarter. Strs Ohio now owns 15,100 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 10,900 shares during the period. TD Asset Management Inc purchased a new stake in shares of Genworth Financial in the third quarter worth $204,000. Finally, Paulson Wealth Management Inc. increased its stake in shares of Genworth Financial by 23.6% in the third quarter. Paulson Wealth Management Inc. now owns 26,029 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 4,972 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

Genworth Financial Stock Performance

NYSE GNW opened at $6.62 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.18. Genworth Financial, Inc. has a twelve month low of $4.83 and a twelve month high of $6.93. The business has a 50-day moving average price of $6.21 and a 200-day moving average price of $6.19. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 34.82 and a beta of 1.08.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.19 earnings per share for the quarter. Genworth Financial had a negative return on equity of 0.21% and a net margin of 1.24%. The business had revenue of $1.86 billion during the quarter.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Genworth Financial from $6.50 to $7.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th.

Genworth Financial Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.